David LjunggrenOTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Wednesday said he did not think U.S. President Donald Trump would pull out of NAFTA, despite slow progress at negotiations to update the $1.2 trillion trade pact.Trudeau’s comments were among the most positive made by any Canadian official since talks started last year to revamp the North American Free Trade Agreemen...Read More
Mr. Robert Carrington reportsNEWRANGE GOLD REPORTS LAST DRILL RESULTS FOR 2017 AND START OF 2018 DRILLING AT PAMLICO GOLD PROJECT, NEVADANewrange Gold Corp. has released final drill results for holes P17-33 through P17-40, the last eight holes from the 2017 Pamlico phase II drill program. Drill holes P17-33, 34 and 35 all contain significant oxide gold intercepts that confirm and extend high-grade...Read More
Bullion trades in black figures after two days with losses. Softer USD gives support to the move. (Expected) hawkish Fed could weigh on Gold. The ounce troy of the yellow metal is posting decent gains around the $1,340 area on Wednesday amidst a continuation of the selling bias surrounding the buck. Gold attention now to FOMC After two consecutive sessions in the red territory, Bullion is now st...Read More
Gold futures settled modestly higher Wednesday, helped by a slightly weaker dollar index even as stocks reclaimed a portion of the sharp declines that marked the start to the week. Prices for the yellow metal then headed lower in electronic trading. The Fed left a short-term U.S. interest rate unchanged as expected, but also said it expects inflation "to move up this year" in a sign it's likely to...Read More
By Saqib Iqbal AhmedNEW YORK, Jan 31 (Reuters) - Options market traders expect shares of the biggest U.S. technology companies, including Apple Inc and Facebook Inc , to react more strongly to quarterly results than they have on average over the past two years, data showed on Wednesday.Expectations for increased turbulence in stock trading rises ahead of earnings, but traders have bid up volatilit...Read More
By Trevor HunnicuttNEW YORK, Jan 31 (Reuters) - U.S. fund investors ignored rising bond yields and stomped into the markets in the days leading up to an equity selloff this week, Investment Company Institute (ICI) data confirmed on Wednesday.Some $40 billion rolled into U.S.-based mutual funds and exchange-traded funds (ETFs) during the week ended Jan. 24, the most on ICI's records dating to 2013,...Read More
(Kitco News) - Gold prices ended the U.S. day session modestly higher but off their highs Wednesday.An eroding U.S. dollar index continues to work in favor of the precious metalsmarket bulls. However, the USDX did move well off its daily lows in latetrading, which pulled the gold market down from its session highs. April Comex gold futures were last up $2.90 an ounce at $1,343.30. March Comex silv...Read More
Editor's Note: The article was updated to reflect a delayed selloff in gold following the FOMC monetary policy decision.(Kitco News)- In a delayed reaction to the Federal Reserve's rate announcement, gold prices fell into negative territory, unable to withstand rising bond yields, as the central bank emphasized that interest rates will be going up in 2018.As expected, the U.S. central bank kept in...Read More
NEW YORK, Jan 31 (Reuters) - U.S. interest rates futures added modest losses on Wednesday as the Federal Reserve's latest policy statement reinforced bets the U.S. central bank would raise key borrowing costs at its next policy meeting March 20-21. At 2:16 p.m. (1916 GMT), federal funds futures implied traders priced in an 88 percent chance of a quarter point rate increase by the Fed at its March...Read More
By Liana B. BakerJan 31 (Reuters) - Adaptive Insights Inc, a U.S. company that provides financial management software, has hired investment bank Morgan Stanley to lead an initial public offering that could come later this year, according to people familiar with the matter.A spokeswoman for Adaptive Insights, which is based in Palo Alto, said in a statement, that "we continually evaluate oppor...Read More
NEW YORK, Jan 31 (Reuters) - The U.S. yield curve flattened to levels not seen in over decade on Wednesday as traders sold more short-dated Treasuries in anticipation the Federal Reserve may raise rates faster to combat an expected acceleration in domestic inflation in 2018. At 2:21 p.m. EST (1921 GMT), the spread between five-year and 30-year Treasury yields was last at 42.6 basis points after to...Read More
BUENOS AIRES, Jan 31 (Reuters) - Argentina said on Wednesday industrial production in December rose 0.3 percent from a year earlier, resulting in cumulative industrial output growth of 1.8 percent for 2017.(Reporting by Hernan Nessi; Writing by Caroline Stauffer; Editing by Chris Reese) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Meta...Read More
FRANKFURT, Jan 31 (Reuters) - European Central Bank board member Benoit Coeure praised Ireland's candidate to become the ECB's next vice-president on Wednesday, describing Philip Lane as an "outstanding economist" and a "good colleague".The appointment is being closely watched by investors because it could end up influencing the race to replace ECB President Mario Draghi in 201...Read More
Feb 1 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,037.70 14.90 NZX 50**8,442.01 143.43DJIA26,236.17159.28NIKKEI**23,098.29-193.68Nasdaq7,433.25530.77 FTSE**7,533.55 -54.43S&P 500 2,830.72 8.29Hang Seng** 32,887.27279.98SPI 200 Fut 5,999.018.0STI** 3,533.99 -14.75SSEC**3,481.51 -6.50 KOSPI** 2,566.46 -1.28------------------------------------------------------------...Read More
By Manoj Kumar and Suvashree ChoudhuryNEW DELHI, Feb 1 (Reuters) - As India's government gets set to unveil its 2018-19 budget on Thursday, all eyes will be on whether the authorities stay the course on containing the fiscal deficit, or whether they throw caution to the wind with a populist set of spending priorities.Facing discontent at home over falling farm incomes and a backlash following poli...Read More
Continuing on with earnings season buzz, camera concern GoPro, Inc. (NASDAQ:GPRO) is expected to report its fourth-quarter earnings tomorrow, after market close. Below, we will take a look at how GPRO has performed on the charts recently, and what the options market has been pricing in for the stock's post-earnings action.From a broader perspective, GoPro stock has had a disappointing year on the...Read More
* Fashion retailer investing in tech, including for shops* Plans to roll out store technology to some partners - CEO* Staff of engineers at Farfetch growing to 1,600 in 2018* CEO Jose Neves declines to comment on IPO plans By Sarah WhiteLONDON, Jan 31 (Reuters) - London-based online fashion retailer Farfetch plans to roll out new technology to revolutionise shopping in stores in the coming months...Read More
ZURICH, Jan 31 (Reuters) - Ground services and cargo handling group Swissport, a unit of cash-strapped Chinese conglomerate HNA Group , has secured a 325 million euro ($403 million) financing commitment from Barclays to support its acquisition of Australian ground handler Aerocare, it said on Wednesday.The deal is now set to complete on March 7, it said.Swissport also said it was proceeding with p...Read More
* STOXX 600 falls 0.2 pct, up 2.1 pct in January* Ericsson, H&M slump after results* Solid update boosts Electrolux (Adds details, closing prices)By Helen Reid and Danilo MasoniLONDON/MILAN, Jan 31 (Reuters) - European shares fell on Wednesday as investors locked in profits at the end of a strong month while results from some of the region's biggest names also weighed.The STOXX 600 index fell...Read More
The Dow is shaking off its two-day slump on a positive earnings reaction for Boeing (BA). The broad-market tailwinds have shares of iPhone parent Apple Inc. (NASDAQ:AAPL) and industrial conglomerate General Electric Company (NYSE:GE) trading higher, even after both blue chips received bearish brokerage notes. Here's a quick roundup of how shares of AAPL and GE are performing today.Apple Stock Put...Read More